CIP Real Estate

CIP Real Estate is a full service real estate investment and management company focused on the acquisition, development, repositioning and management of industrial and business parks. Founded in 1995, CIP Real Estate has completed more than $1 billion in real estate transactions, and owns and manages over 6.7 million square feet of quality real estate throughout California, Nevada, Georgia, Texas, North and South Carolina. CIP Real Estate’s principals, Eric Smyth and Robert Strom, combined their backgrounds in development, investment, finance, law, management and marketing to create a business that was built on service and driven by results. The company’s core business plan remains acquiring and creating value in real estate assets and co-investing with institutional joint venture Partners. In order to implement its business plan, CIP Real Estate established a $700 million industrial portfolio investment program with New York-based Almanac Realty Investors, LLC (“Almanac”). Almanac, a Neuberger Berman company, is a leading provider of growth capital to private and public real estate companies. From the time of its founding in 1981, the group has raised over $6.5 billion related to a wide array of real estate opportunities and committed over $5.2 billion to 43 different companies in North America.